A structure designed to add some extra powder to the letter of credit capacity keg of energy providers has emerged in the private market off the Deutsche Bank Securities desk in New York, sources said.

Deutsche Bank New York is the issuer of $100 million in letter of credit-linked notes linked to Consolidated Natural Gas (CNG), a subsidiary of Dominion Resources. Though the deal is not rated, sources said, CNG has a rating of A3' from Moody's Investors Service and BBB+' from Standard & Poor's.

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